Report: Jimmy Fallon to Replace Jay Leno, Tonight Show to Move to New York

Although a deal isn't done, NBC has apparently struck a deal with Fallon to replace Jay Leno as host of the iconic late-night program, most likely taking over in the fall of 2014. Tonight hasn't taken place in the Big Apple since it debuted with Steve Allen in 1954. Host Johnny Carson eventually moved it to Burbank, Calif., in 1972.

It won't be the first time Leno has left Tonight. In 2009, he moved to primetime with The Jay Leno Show with Conan O'Brien as has replacement. Seven months later, NBC announced Leno was returning to his old post.

Fallon, meanwhile, has been successful in his four years and NBC reportedly believes he's the best contender to compete with Jimmy Kimmel in the prized 18-to-49 demographic.